The proposal reflects a broader trend playing out in growth markets: older healthcare properties are being rethought not just as buildings, but as delivery platforms for community-based care.
The asset traded just last year for $63.8 million.
More than 3,000 people each year already use AdventHealth Lake Placid’s rehabilitation and sports medicine programs, and that volume is projected to grow significantly over the next several years as the surrounding population expands and ages.
A long-vacant psychiatric hospital in Orlando has been transformed into a modern inpatient recovery facility, turning an underused property into a healthcare asset serving a growing community need.
The campus spans 7.5 acres and includes two buildings completed in 2010.